London is one of the most exciting and sought-after cities in the world. There is 24/7 entertainment, a splendid mix of old and new, and an abundance of architectural delights on offer. All these goodies mean that living in the capital comes at a premium: the average rent for a one-bedroom apartment can be anywhere between £1,200 and £2,000 per month.
If your pockets don’t run deep, there are alternative and cheaper ways of securing accommodation in the city. Flat sharing is one of them, but if you want to have your own space, living in a studio apartment could be the move for you.
“Wait, doesn’t living in a studio apartment mean I have to live in one room?” To cut a long story short, yes, yes it does. But that shouldn’t put you off; some studio apartments can be quite large. Plus, having a bed in your living room probably isn’t as big of an issue as you may initially think. Sure, being able to see your kitchen before you go to sleep will take some getting used to, but us humans are an adaptive bunch, and sooner rather than later it will feel like second nature. If you think of it as a five-star hotel room, it won’t be long before you love your studio apartment.
Studios are considerably cheaper to rent than those fancy apartment thingys that have multiple rooms. In fact, a studio can cost up to £100 less per week to rent, saving you just over £5,000 per year. Many studios are offered with bills inclusive of rent too, making your yearly savings even higher. If you’re renting in a portered block, you will even get the benefits of a concierge and perhaps on-site amenities like a gym and a swimming pool. This whole studio deal is starting to look like a five-star hotel.
Studios can be super chic. After all, they evoke feelings of a stylish, on-the-go lifestyle for those just starting their big city careers. If you’re going to explore the possibility of moving to a studio, we recommend only taking your most cherished items – you don’t want to live in a cluttered space. It’s also worth thinking about choosing a sofa bed and fold-up desks/tables – furniture that can act as multiple items.
If you’re living in a smaller space, one bonus is that it won’t take as long to clean as larger properties do. Less cleaning is especially helpful if you have a hectic, on-the-go lifestyle. Gone will be the days of scheduling a Sunday sweep – spend a few minutes each day dusting and tidying and your studio will always look nice and clean.
Most studio apartments are located closer to the city centre, meaning you can enjoy living in the heart of London for a fraction of the price. The knock-on effect also means it’s likely you’ll be closer to your place of work, and will also have some of the capital’s most exciting landmarks on your doorstep. Not to mention all the bars and restaurants that will be within walking distance from your studio.
So, what do you think? Is it time to explore the possibility of making your next home a studio apartment? If you’re trying to budget and save some money, we think it’s worth considering. Take a look at our ‘where should I live in London’ tool if you would like to know the best area for your personality.
February 17, 2017 rentonomy London Living